lujim

31 ms·

301.
by lujim 11y ago
That could very well be. That article does mention that he was nearly wiped out by the great recession in 2008. At one point he was putting it all on the line and the risk was very real. I think you are probably right in saying that the
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by lujim 11y ago
You can sell equity to anyone interested in buying it. Does your friends lower middle class uncle that retired from that factory job at Chrysler ten years ago have an extra 20 grand? You can sell him a chunk. You can't hold yourself
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by lujim 11y ago
> I'm curious about that statistic. A lot of these business could be hobby or other casual enterprises, tax avoidance schemes, and doomed businesses started by naive people. It doesn't mean a whole lot without some more context
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by lujim 11y ago
I wouldn't feel too guilty about "value". In a world of finite resources with alternative uses, your value (how much you are paid) is often your share of how much revenue you help generate. Value (pay) and value (worth) are
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by lujim 11y ago
Not everyone that starts a business is wealthy. They have take on debt or sold equity to finance their venture. They may have much less money in the bank than their employees. If you're financing your business with your retirement f
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by lujim 11y ago
Half of all small business fail in the first 3 to 5 years. Imagine taking a job where you had to pay for your office, office supplies, computer, and every thing else out of pocket. And oh yeah, half the people are fired within 3 to 5 years
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by lujim 11y ago
I think what he is doing is pretty cool. Remember however that although he may be working with people every bit as smart and productive as he is, starting a business is massively risky. I believe in 3-5 years it amounts to a coin flip. H
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by lujim 11y ago
I don't think those are random density factors. I don't believe that darts were thrown at a wall with words written on them and they landed on "Coffee Shops" and "Fried Chicken". I think the analysis started
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by lujim 11y ago
I think the intent of that comment is genuine. There are poor working multiple jobs to make ends meet and their are unemployed or underemployed poor that have tons of free time. There are middle and upper class people that work 100 hours
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by lujim 11y ago
I don't think of it that way. Even the most destitute person can go to the ER and get medical treatment that Andrew Carnegie, John D Rockefeller or JP Morgan couldn't buy with their entire fortune. It's not always free, but
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by lujim 11y ago
Ha! Ironically enough I was born, raised, and currently live in Detroit (albeit the suburbs). I have worked in the city right next to Comerica Park (Maybe next year Tigers).
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by lujim 11y ago
Life before money was "solitary, poor, nasty, brutish and short". In fact I wouldn't choose to live anytime before the last 100 or 200 years. 1950 or later would have been my preference had I been given a choice. For how m
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by lujim 11y ago
Sometimes well, sometimes not. Bird strikes are relatively rare, but do happen. I've had two. One tiny guy on the wind screen on landing at about 150mph which caused no damage and one on the nacelle of a jet engine at around 270mph
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by lujim 11y ago
People and other animals follow incentives.
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by lujim 11y ago
They do it because the paramilitary force strategy is fun for them and they get away with it under the guise that they are in huge levels of danger. When the danger level really does ramp up you end up with a stand off where none of them w
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by lujim 11y ago
Although this is armchair quarterbacking, having the F-16 break off the approach to climb and maintain a new altitude would have been nice. Not sure if there was traffic above him though. Altitude separation is always more comfortable tha
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by lujim 11y ago
I don't think it's about being a temporarily embarrassed millionaire. I think a lot of people in the US don't care for the treatment they get when they have to deal with federal, state, or local government services. Long li
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by lujim 11y ago
I switched careers into software development almost a decade ago. I have found that a) Yes. Much of the software development you will do in the plain vanilla business world is not very analytical, interesting, or exciting. Many companies
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by lujim 11y ago
I don't think of it as someone 'peddling' something. To me it seems like a creative solution to an actual problem. Training is the best, but private pilots vary drastically in their training, skill, experience level (especia
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by lujim 11y ago
That seems like a bit of an pessimistic take on this. Isn't that like saying front impact airbags aren't very helpful in a rear end collision? CFIT, stall/spin, and VFR into instrument conditions are all training deficiencie
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by lujim 11y ago
RC Planes have ridiculously high power to weight ratios which are unrealistic by full scale standards. They use small bursts of near full throttle power to move air across the (oversized) flight control surfaces. Full size planes just tor
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by lujim 11y ago
Fuel exhaustion, starvation, fuel contaminants such as water, catastrophic failure of components that are operating under extreme heat and stress, carburetor icing caused by high humidity, engine component icing (pressure/temp sensors